26th November, 2018, Kolkata, India: Indian Plastics Federation (IPF) is organising the prestigious Triennial exhibition Indplas’18 in Kolkata from 30th November 2018 to 3rd December 2018 at Kolkata to support Robust Growth trend in Plastics Sector in Eastern India. Indplas’18 attracted more global major to participate in the one of its kind mega business to Business (B2B) exhibition on Plastics in eastern region and broadening the reach and scope of the sector. Indian Plastics Federation (IPF), one the leading representative bodies of the plastics industry in India, today informed about Indplas’18 – the largest sector-specific business-to-business (B2B) International industrial exhibition in the Eastern region – that would be held from 30th November to 03rd December,2018, at ECO Park Exhibition ground, Rajarhat, Kolkata. Indplas’18 is the 8th International Exhibition on plastics that would cover the whole gamut of the industry and is being planned on a much bigger scale this time with wider participation from Indian and overseas companies .

Mr Ashok Jajodia, Chairman, IndPlas 2018 said that; the number of exhibitors in INDPLAS’18 has increased to 425 plus, an all time high for the INDPLAS exhibitions. The response from Industry has been overwhelming both from India as well as foreign countries. Machinery, ancillaries, raw material, additives, master batches, finished product, service providers and others are participating in Indplas’18. Their response itself re-affirms the untapped growth opportunity in the plastics industry in Eastern India which is already on an upswing. More than 100 overseas exhibitors from 10 countries including China, Taiwan, Malaysia, Hong Kong, Switzerland, Germany, Holland are participating in INDPLAS’18. Foreign delegation from China and other country will be visiting INDPLAS’18 to explore the business possibilities in eastern region, especially West Bengal. 50 serious foreign buyers will attend B2B meeting with exhibitors, who are coming under Reverse Buyers Sellers meet programme from 11 countries .

The exhibition is expecting a footfall of more than 70,000 people from all over Indian and abroad. The inaugural function will be held on 1st Dec ,where Dr. Amit Mitra has kindly consented to be the Chief Guest. An interactive seminar on Waste to Wealth is also being organised on 2nd December, where various Ministers, top bureaucrats and many more senior people from various Govt. departments are expected to join. INDPLAS’ 18 is supported by Ministry of Chemicals and Fertilizers, Department of Chemicals and Petrochemicals, Government of India, West Bengal Industrial Development Corp. Ltd, ASSOCHAM, Indian Chamber of Commerce, FICCI, PlastIndia Foundation and other leading Plastics Associations, “Indplas’18 will prove to be a Game Changer in the development and investment in Plastics sector in Eastern Region and will be an ideal platform for buyers and sellers ” said Mr Ashok Jajodia, Chairman, Exhibition Organising Committee – INDPLAS’18.

Mr. Alok Tibrewala, President, Indian Plastics Federation, taking about Eastern India said that the Plastic industry is the most vibrant industry and the biggest employment generator in the MSME sector in Eastern India. For the past few years it has been adding an investment of approximately 500 crores year on year which is expected to further grow by another 25% Year on year for the next five years.

On the national front, The Indian economy today stands at US$2.5 trillion with the Eastern states accounting for 16% contribution to the overall GDP. As per NITI AYOG, the economy will swell to US$7.5 trillion in next 10 years with the eastern states accounting for 30% of the economy. The plastic processing industry stands at more than Rs.2 lakh crore annually, still growing at more than 15% per annum. With 40,000 units in operation and offering direct employment to more than 4 million people, the investment prospects in plastic industry, specifically in east looks very buoyant. As the per capita consumption in East will grow at a rate which will be more than double the national rate, West Bengal and other eastern states will become the most preferred destination in our country.

Today the total plastic consumption in India is around 15 Million Tons and is expected to go up to 25 Million Tons in next 7 years. The new port facilities coming up in east in Sagarmala Scheme of the government as well as modernization of existing ports shall provide a great infrastructure to the industry. With BCPC expected to come to its full capacity in next 6 months and new IOCL refinery and Petrochemicals project starting very soon in Paradip. With sufficient polymer production, adequate infrastructure, and availability of skilled and unskilled manpower, Eastern states, especially West Bengal is poised to become the sun-shine state in India

About INDIAN PLASTICS FEDERATION (IPF): IPF was set up in 1958 with the objective to promote the plastics industry in India and the Eastern Region in particular. IPF is an integrated body encompassing all facets of plastics industry and is one of the founding members of PlastIndia Foundation – the apex body of plastics industry in the country. IPF members include Haldia Petrochemicals Ltd, Reliance Industries Ltd, Indian Oil Corp. Ltd, Dhunseri Petrochem & Tea Ltd etc. Large, medium, small and tiny sector units, dealers, distributors and machine manufacturers also are members of IPF. There are around 800 members that also include associations from different states. IPF is dedicated towards the growth and development of plastics industry and also upholds and articulates the interests of the plastics industry in relevant foray.